JOHOR BAHRU (Nov 25): The state government's scheme to help the low-income group obtain loans for affordable homes in Johor will be available in January.
State Housing and Local Government Committee chairman Datuk Abdul Latif Bandi said the scheme drawn up by the state government and Ambank Islamic Bhd was a proactive move to help realise the people’s aspirations of owning a home.
"This scheme helps the target group obtain their housing loans, which are difficult to be approved by other commercial banks.
"Through this scheme, Ambank Islamic will provide funds totalling RM300 million to ensure that the target group obtain financing for their homes," he said at the Johor state legislative assembly sitting in Nusajaya yesterday.
Latif was replying to questions from Puan Sri Azizah Zakaria (BN-Parit Raja), Datuk Dr Adham Baba (Pasir Raja) and Datuk Syed Sis Syed A Rahman (Tanjung Surat) relating to the affordable housing applicants’ difficulty in securing a bank loan despite having received a eligible affordable housing certificate from the Housing Division of the Johor State Secretary.
Latif said the scheme was the brainchild of Menteri Besar Datuk Seri Mohamed Khaled Nordin, who announced it when tabling the 2016 Johor Budget on Thursday.
The scheme will assist those eligible to obtain financing for an affordable home, particularly Package A type units priced at RM42,000, and Package B at RM80,000.
Source: http://www.theedgeproperty.com.my/
